706 S Ironwood Dr, South Bend, IN, 46615 | $257/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in South Bend at 706 S Ironwood Dr, South Bend, IN, 46615 with 5% annual appreciation on a $149,900 basis while $1,157/mo rent supports operations. Total monthly income totals $1,157/mo and a $734/mo payment preserves $257/mo for cash returns. Annual cash flow comes to $3,082/yr on $49,692 deployed, and return on cash invested reaches 26.11% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.26%. Five-year ROI measures 135.86% and total cumulative return in cash totals $67,511.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,157/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1902

5,662 sqft lot

$N/A/sqft

No HOA